The company brought in $483 million in revenue and suffered a loss of $53 million — an improvement over the Q3 2021 losses of $329 million, according to quarterly earnings results Wednesday. Continue reading
Hallmark is positioned to become one of the top 100 mortgage lenders with expansion into Colorado, Georgia, Kansas, Louisiana, Missouri, South Carolina and Texas. Continue reading
NHC Mortgage will offer home loans in Florida, Iowa and North Carolina, with plans to expand to nine other states in 2023. Continue reading
The cuts affect approximately 550 people, Opendoor CEO Eric Wu said in a blog post Wednesday, and come amid a worsening housing market that has forced layoffs across the real estate industry. Continue reading
Many of the industry’s big companies are about to report their third-quarter earnings. The reports will offer the first in-depth look at how firms coped with a rapidly cooling market. Continue reading
The latest funding round, led by Fifth Wall with participation by Fidelity National Financial, RWT Horizons and 1Sharpe Ventures, brings the total funding to date to $13.5 million. Continue reading
M. Ryan Gorman said the current downturn is an opportunity for his company, while noting that some competitors “may not have a plan for good times let alone a plan for bad times.” Continue reading
Kalani Reelitz joins the brokerage at a time of significant transition, and as it tries to achieve positive cash flow next year. Continue reading
Catch up on the most-read stories of the week, as determined by Inman readers. Here’s Inman Top 5 for Oct. 21-27, 2022. Continue reading
This week: Mike DelPrete says to expect more mergers and acquisitions, Gary Keller gives advice for the current market, and Left, Middle, Right. Continue reading